Finnish Undervalued Stocks Based On Cash Flows

Gofore Oyj

Market Cap: €162.4m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

F-Secure Oyj

Market Cap: €351.2m

Operates as a cybersecurity company in Finland and internationally.

Hiab Oyj

Market Cap: €3.5b

Provides smart and on road load-handling solutions and services in Finland.

Canatu Oyj

Market Cap: €277.1m

Develops and sells carbon nanotubes (CNTs) and related products, and manufacturing equipment for the semiconductor, automotive, and medical diagnostics industries in Finland, the United States, Japan, and Taiwan.

LapWall Oyj

Market Cap: €62.5m

Designs, manufactures and sells wood-structured elements in Finland.

Endomines Finland Oyj

Market Cap: €306.2m

Engages in the mining and exploration of gold deposits in Finland and the United States.

Nexstim

Market Cap: €79.0m

A medical technology company, engages in the development of non-invasive brain stimulation technologies in Finland, rest of Europe, North America, and internationally.

Harvia Oyj

Market Cap: €772.7m

Designs, manufactures, and markets a range of sauna products worldwide.

Modulight Oyj

Market Cap: €47.4m

Designs, manufactures, and markets lasers products for medical and other diagnostic applications.

Koskisen Oyj

Market Cap: €219.3m

Operates in wood industry in Finland, Japan, Germany, Poland, other European countries, and internationally.

Outokumpu Oyj

Market Cap: €2.4b

Produces and sells various stainless-steel products in Finland, Germany, Italy, the United Kingdom, other European countries, North America, the Asia-Pacific, and internationally.

Nokian Renkaat Oyj

Market Cap: €1.7b

Develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, Central Europe, North America, and internationally.

Kempower Oyj

Market Cap: €683.1m

Manufactures and sells electric vehicle (EV) charging equipment and solutions for cars, buses, trucks, boats, aviation, and machinery in Nordics, rest of Europe, North America, and internationally.

United Bankers Oyj

Market Cap: €227.9m

Provides investment products and services in Finland and Sweden.

YIT Oyj

Market Cap: €622.7m

Provides construction services in Finland, Estonia, Lithuania, Latvia, Czechia, Slovakia, and Poland.